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Cable Update (GBPUSD)

  • #593,861
  • May 10, 2021 5:34am May 10, 2021 5:34am
Quoting Moty
{quote} you can get today 30-40 pips more to the upside and then only tomorrow we can sell , no sell until the end of the day {image}
Exactly, we should have a nice sell either overnight or tomorrow. Maybe 1.41 will cap the action for the time being as we are at ADR.
  • #593,862
  • May 10, 2021 5:36am May 10, 2021 5:36am
Looool....what a jerk pair..from last Thursday had quit trading it from 1.3850s major turning point..
Busy trading more profitable predictable pairs
Now, last defense for bears at 1.4120s, above there it will go to around 1.4210s, on downside 1.4040s support, followed by 1.3950-60s
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #593,863
  • May 10, 2021 5:39am May 10, 2021 5:39am
An excellent breakout and prospects for a continuation of the uptrend opened after the 1.40100 level was hit effortlessly. The next victim may be the high 1.42400.
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  • #593,864
  • May 10, 2021 5:43am May 10, 2021 5:43am
Quoting mtako
{quote} Moved stop to BE. Momentum still unwavering. Potential : presently uncalculatable. {quote} Got triggered around 4 hours later, just as volatility had started growing again. Perfect timing. SL now at 1.40729 {quote} Hi KiwiTrada, sorry for the late reply. Popping in and out... I could not even give you an average r/r, as these 2 strategies are 100% dynamic, so it depends largely on what happens after entry.


Got a new momentum long entry 1.40994
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #593,865
  • May 10, 2021 5:52am May 10, 2021 5:52am
Quoting helioss
Retails ae increasing heavy their SHORT POSITIONS.....a lot of FUEL for BULLs {image}
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  • #593,866
  • May 10, 2021 5:55am May 10, 2021 5:55am
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My observation may be wrong but intent correct. Stay calm!
  • #593,867
  • May 10, 2021 5:56am May 10, 2021 5:56am
Quoting JayBag
{quote} The face me, I face you part wund me baje no cap. Omo, I dey on 107th-floor ooo. I dey vess build am bros. TBH, it's not even funny but by the grace of God, account don turn orobo since we don pass the stage of building account for days like these. Make I no lie, I still dey add as we dey climb but I no fit advice anybody to follow me add. Well, make we see as e go end last last.
Aahhhhhhhhhhh! 107th floor ke? Hope say you get parachute? Well you fit no need parachute if you get Edo girl friend.

Salute to all you Naija guys!

Cheers
Sniper
  • #593,868
  • May 10, 2021 5:57am May 10, 2021 5:57am
Quoting Georginson
Nonchalant sell @ 1.3923 target 1.3800, stop 1.4010.
Already stopped out... This is a classical break out and invitation of 1.4240 retest.

After this retest then an uninterrupted fall to 1.3600 minimum. I stand aside for a better short at 1.42 area.
Data + Stat + Risk/Emotions Management
  • #593,869
  • May 10, 2021 6:00am May 10, 2021 6:00am
Quoting Nordling00
Wow everybody is selling it. I am actually surprised and very curious about how this will end. I am long until 12 May* at least.
God, I love Mondays! Just as i expected, GBP appreciated before 12 May. Price may pullback but i will hold my long positions for at least 2 days more. Then we will see how UK GDP Growth Rate numbers will be. If it comes more than expected, i will take my profits and go. Hopefully it comes lower than expected so i can ride it to the moon
You have to have an IQ higher than 90 to interact with this user.
  • #593,870
  • May 10, 2021 6:01am May 10, 2021 6:01am
Traders with trend following strategies will be smashing the markets at the moment. All look Beautiful!!
Attached Image
Don't trade what you think. Just what you see!!!
  • #593,871
  • May 10, 2021 6:05am May 10, 2021 6:05am
4110 must be high today.

Pull back is needed.
Intraday only.
  • #593,872
  • May 10, 2021 6:06am May 10, 2021 6:06am
Quoting Pips_Sniper
{quote} Aahhhhhhhhhhh! 107th floor ke? Hope say you get parachute? Well you fit no need parachute if you get Edo girl friend. Salute to all you Naija guys! Cheers Sniper
I no go need parachute bros. You go ask why? I be 100% Edo man myself
My Terracotta-like DP suppose give small clue
  • #593,873
  • May 10, 2021 6:13am May 10, 2021 6:13am
Quoting navk
4110 must be high today. Pull back is needed.
It will be at least 1.41300
Don't try to short it before the end of the day
Wait for break of last h4 low
yes yes yes
  • #593,874
  • May 10, 2021 6:14am May 10, 2021 6:14am
Quoting Georginson
{quote} Already stopped out... This is a classical break out and invitation of 1.4240 retest. After this retest then an uninterrupted fall to 1.3600 minimum. I stand aside for a better short at 1.42 area.
the PA does not do that IMO.

If it wants to fall from there, some consolidation days, up and down,,, then breaks down
Intraday only.
  • #593,875
  • May 10, 2021 6:15am May 10, 2021 6:15am
Quoting Sang.Real
{quote} GU Add position, hope price will go down faster.. {image}

GU

Stopped out

Two loss trade.

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  • #593,876
  • May 10, 2021 6:21am May 10, 2021 6:21am
Watching now. Today is long enough to loose money with sell
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  • #593,877
  • May 10, 2021 6:22am May 10, 2021 6:22am
Quoting mtako
{quote} Moved stop to BE. Momentum still unwavering. Potential : presently uncalculatable. {quote} Got triggered around 4 hours later, just as volatility had started growing again. Perfect timing. SL now at 1.40729 {quote} Hi KiwiTrada, sorry for the late reply. Popping in and out... I could not even give you an average r/r, as these 2 strategies are 100% dynamic, so it depends largely on what happens after entry.
Quoting mtako
{quote} Got a new momentum long entry 1.40994


In long with a forth position, volatility+momentum based at 41072. Still unwavering. Just going till volatility decreases.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #593,878
  • May 10, 2021 6:36am May 10, 2021 6:36am
Well done to the bulls! Bears are out taking advantage of lifting covid restrictions... NY opening will be interesting before I think a more subdued Asia session.
Insane in the Brain..
  • #593,879
  • May 10, 2021 6:44am May 10, 2021 6:44am
Quoting mysterio
{quote} Was thinking broadly the same thing man. 1.40 supply has been tested a lot and it is surely time to have a rummage up there for some buy stops. Then we can have a bear party. Maybe we head down to the new 4h demand created below the mid 1.39xx before up Or like you say, 1.40 just rejects again... but I favour the up to 1.41xx first, I think it is time. Short from 1.4150 is almost too perfect. This would create something of a weekly double top and is a strong weekly supply area from a while back. So dream scenario for Monday, some retrace...
Nearly at target.. ready to close and reverse soon
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  • #593,880
  • May 10, 2021 6:45am May 10, 2021 6:45am
Quoting mysterio
{quote} Nearly at target.. ready to close and reverse soon {image}
14150 area to go down?
Insane in the Brain..
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